Titan Transloading, LLC is SBA 504 at Its Best

June 29, 2012, Press Releases
Tags: sba 504 projects, loan examples

Capital CDC always stands behind the reason we were founded: to create jobs and grow the economy by aiding small businesses. We are never more proud of what we do than when we see small communities opening large companies that stimulate the local job economy. Titan Transloading, LLC perfectly exemplifies our foundation as a company and the reason we, as CDCs, were created by the SBA to provide financing for such small businesses. Congratulations to Titan Transloading, LLC on their recent groundbreaking! We look forward to watching you succeed!

Here is a recent article published in Lubbock’s The Avalanche-Journal:

Rail park books first tenant
By: Holden Wilen
For: The Avalanche-Journal

Levelland Economic Development Corporation and Titan Transloading, LLC, broke ground on a $5.1 million facility at the Levelland Industrial Rail Park intended to make the transportation of bulk materials more efficient.

When the facility is completed it will make Titan the first tenant at the 243-acre park, completed in November 2010. Shawn Kirkpatrick, director of economic development for LEDC, said the facility is a five-year project with the an estimated completion in December 2012.

He said the purpose of the facility will be for transloading, the process of taking commodities from rail and offloading them from the railcar into another mode of transportation, in this case, trucks.

“Currently what they’re doing is they’re offloading from cars into the trucks,” Kirkpatrick said. “In this facility, it’ll allow them to use unit trains which will allow them to bring in a greater volume of material and to create an efficiency in loading the trucks.”

This year, the facility has averaged 50 cars a month in direct-loading, Kirkpatrick said. Once the facility comes online, rail traffic is estimated to be somewhere in 120-140 car range per month.

Overall, the facility should have a positive economic impact on Levelland. Local taxed communities will see an estimated $1.35 million in additional revenue over the next 10 years, Kirkpatrick said.

“It creates capital investment in our community, and it creates jobs in our community,” he said.

Shannon Himango, president of The Titan Companies, said his company is excited for the opportunities the facility presents.

“Titan Transloading, LLC is very proud to be the first primary tenant in Levelland’s Rail Park,” Himango said. “We would like to thank Shawn Kirkpatrick and the LEDC board for their hard work and professionalism.”

The main materials to be transloaded by Titan will be frac sand for oil and gas, as well as cement. The facility could also handle bulk agriculture commodities.

Most importantly though, is the impact the facility will have on Levelland and the surrounding communities.

Kirkpatrick said the rail park is an opportunity to support local industries. At the same time, the rail park allows LEDC to explore the possibility of bringing in manufacturing, distributing and logistics companies as tenants to utilize the rail service.

“We’re excited that Titan Transloading LLC’s facility is breaking ground,” he said, “and we are looking forward to additional development in the park.”

Learn more about the SBA contributing to small communities' growth.

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